Strs Ohio Takes Position in TXNM Energy, Inc. $TXNM

Key Points

• Strs Ohio has invested approximately $1.18 million in TXNM Energy, purchasing 22,000 shares in the first quarter of the year.
• TXNM Energy reported a quarterly earnings miss with an EPS of $0.25, falling short of the consensus estimate of $0.46, although its revenue increased by 2.9% year-over-year.
• The company announced a quarterly dividend of $0.4075, leading to an annualized dividend yield of 2.9%, with a payout ratio of 84.02%.

Strs Ohio acquired a new position in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 22,000 shares of the company's stock, valued at approximately $1,177,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Intech Investment Management LLC increased its stake in TXNM Energy by 16.0% during the first quarter. Intech Investment Management LLC now owns 50,390 shares of the company's stock valued at $2,695,000 after acquiring an additional 6,943 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in TXNM Energy by 12.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 297,350 shares of the company's stock valued at $15,902,000 after acquiring an additional 32,776 shares during the period. Empowered Funds LLC bought a new position in TXNM Energy during the first quarter valued at about $547,000. United Services Automobile Association bought a new position in TXNM Energy during the first quarter valued at about $310,000. Finally, Resolution Capital Ltd increased its stake in TXNM Energy by 17.4% during the first quarter. Resolution Capital Ltd now owns 145,954 shares of the company's stock valued at $7,806,000 after acquiring an additional 21,621 shares during the period. 91.68% of the stock is currently owned by institutional investors.

TXNM Energy Stock Performance

TXNM traded down $0.13 on Friday, hitting $56.59. 2,465,487 shares of the stock traded hands, compared to its average volume of 805,344. TXNM Energy, Inc. has a 52 week low of $42.09 and a 52 week high of $57.42. The company has a current ratio of 0.51, a quick ratio of 0.36 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $5.96 billion, a PE ratio of 29.17, a P/E/G ratio of 2.68 and a beta of 0.09. The business has a fifty day moving average price of $56.81 and a two-hundred day moving average price of $55.14.

TXNM Energy (NYSE:TXNM - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.21). TXNM Energy had a net margin of 8.75% and a return on equity of 7.34%. The firm had revenue of $502.42 million for the quarter, compared to the consensus estimate of $493.90 million. The business's revenue for the quarter was up 2.9% compared to the same quarter last year. On average, research analysts predict that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

TXNM Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were paid a $0.4075 dividend. This represents a $1.63 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, August 8th. TXNM Energy's dividend payout ratio is currently 84.02%.

TXNM Energy Company Profile

TXNM Energy, Inc, through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment engages in the generation, transmission, and distribution of electricity.